Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Global Merger Has NZ Links

27 August 2001

Mi Services Group merges with US e-business company Hesta Corporation to extend global consulting reach and build Oracle skills

UK-owned Mi Services Group has acquired Pennsylvania-based Hesta Corporation in a cash deal worth US$17.5 million plus an equity stake in the enlarged group.

The deal means that Mi Services has added an extra 60 Oracle specialists to its United States IT and e-business services business.

Locally, Mi Services CEO Asia Pacific John Quirk says the move gives his business access to a wider global pool of talent for Australasian projects.

"We will continue to export Kiwi talent using our third world cost structures while delivering top of the range consulting and project management at first world rates. So this acquisition is good for the Australasian operations," Mr Quirk said.

The enlarged group will continue to provide expanded Oracle and Ross ERP Solutions to large organizations in the financial services, discrete manufacturing, building, steel, healthcare and pharmaceutical industry sectors.

Hesta's CEO, Hans Hermans, will join Mi Services' North American management board as executive vice president of operations. All of Hesta's staff will become Mi Services employees.

"Mi Services is the perfect partner for us because it provides both national and international opportunities for our customers and staff," Hermans said. "By pooling our companies and our resources we have a company that can continue to grow and provide solutions that address the real business problems faced by our customers."

The acquisition of Hesta Corporation is the next stage in the international growth of Mi Services Group. Led by Group CEO John Pocock, who ran Druid Group until its acquisition by FI Group (now Xansa Corporation), Mi Services Group now has operations in Europe, Asia Pacific and North America.

Announcing the acquisition of Hesta Corporation, Pocock said: "Our intention is to build a global business that delivers high quality consultancy and business solutions in any region of the world in which our customers operate. Our standard approach, methodology and training programme are designed to build confidence in the success of our solutions - wherever they're delivered. We're more than confident that the acquisition of Hesta Corporation takes us one step further in that direction."

- ends -

About Mi Services:

Mi Services Group is a global IT and management consultancy providing services to the pharmaceutical, process manufacturing and utilities industries, and the public sector.

Mi Services Group operates through a network of 20 offices located in major business centres in Europe, USA and Australasia. It employs in excess of 600 people around the world and has an annual turnover of approx. £44 million.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Policy Lessons From A Year Of Covid-19

The Reserve Bank of New Zealand – Te Pūtea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing longer-term challenges, Reserve Bank Governor Adrian Orr said... More>>


Transport Industry Association: Feb 2021 New Vehicle Registrations Strongest On Record

Motor Industry Association Chief Executive David Crawford says that the February 2021 figures are the strongest for the month of February ever. Registrations of 12,358 were 8.0% up on February 2020. Year to date the market is up 7.1% (1,735 units) compared to the first two months of 2020... More>>

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>



Psychic Ventures: US Consumer Spending On Video Games Jumped By 42% In Jan 2021

On a global scale, there was a 15% increase in digital games revenue in January 2021, pushing the total to $11.6 billion.
In the US, gaming revenue rose to an impressive high during the month thanks to the new generation of consoles. ... More>>

OECD: Annual Inflation Picks Up To 1.5% In January 2021 While Euro Area Records Sharp Increase To 0.9%

Annual inflation in the OECD area picked up to 1.5% in January 2021, compared with 1.2% in December 2020. Following a rebound between December and January, the annual decline in energy prices was less pronounced in January (minus 3.9%) than in December... More>>


Hemp Industries Association: Could The Next Team NZ Boat Be Made Entirely Of Hemp?

With The America’s Cup due to start in a few days’ time, innovators from a very different sphere have been wondering how long it could be before New Zealand could be competing in a boat entirely built from hemp, with the crew eating high-energy, nutritious hemp-infused foods and wearing high-performance hemp kit..? More>>


ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>